Northern Trust Corp. operates as a financial holding company, which provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide. It operates through the Corporate and Institutional Services and Wealth Management business segments. The Corporate and Institutional Services segment provides asset servicing, brokerage, banking and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors around the globe. The Wealth Management segment provides trust, investment management, custody, and philanthropic services, financial consulting; guardianship and estate administration, family business consulting; family financial education, brokerage services and private and business banking. The company was founded in 1971 and is headquartered in Chicago, IL.